There is a newer version of the New Mexico Statutes
2013 New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 13A - Model State Commodity Code
Section 58-13A-4 - Exempt persons. (1985)
NM Stat § 58-13A-4 (2013) What's This?
58-13A-4. Exempt persons. (1985)
The prohibition in Subsection B of Section 3 [58-13A-3 NMSA 1978] of the Model State Commodity Code shall not apply to any of the following persons, or any employee, officer or director thereof acting solely in that capacity:
A. a person registered with the commodity futures trading commission as a futures commission merchant or as a leverage transaction merchant whose activities require such registration;
B. a person registered with the securities and exchange commission as a broker-dealer whose activities require such registration;
C. a person affiliated with, and whose obligations and liabilities are guaranteed by, a person referred to in Subsection A or B of this section;
D. a person who is a member of a contract market designated by the commodity futures trading commission or any clearinghouse thereof;
E. a financial institution; or
F. a person registered under the laws of this state as a securities broker-dealer whose activities require such registration.
History: Laws 1985, ch. 163, § 4.
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
